Boeing: About 5% of machinists won't ever return to work

ChristopherHinton

NEW YORK (MarketWatch) -- About 90% of Boeing Co.'s
BA, +0.12%
machinists have returned to work since the end of a two-month strike, though 5% of the almost 27,000 workers are not expected to return at all, said Scott Carson, chief executive of the company's commercial aircraft unit. "We've been back to work for a couple of weeks and the mood is good," Carson said, speaking at an investor conference in New York. Carson noted the gloomy economic mood and that aircraft demand is tied closely to gross domestic product, but he also reaffirmed a long-term prediction that demand for new aircraft would keep Boeing busy for years. Additionally, Carson said he expects the new labor contract with the company's engineers to be ratified by workers before Dec. 1 as it already has the full support of union leadership.

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